1976 History/Videos

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1976 Inflation continues to be a problem around
the world. Concorde enters service and cuts transatlantic flying time
to 3 1/2 hours. One year after Microsoft is formed Apple is formed by
Steve Jobs and Steve Wozniak. In South Africa Riots in Soweto mark the
beginning of the end of apartheid. In music the first of the Punk Bands
appear The Damned release New Rose classified as Punk Rock Music

Cost of Living 1976

How Much things cost in 1976
Yearly Inflation Rate USA 5.75%
Year End Close Dow Jones Industrial Average 1004
Interest Rates Year End Federal Reserve 6.25%
Average Cost of new house $43,400.00
Average Income per year $16,000.00
Average Monthly Rent $220.00
Cost of a gallon of Gas 59 cents
Plymouth Arrow $3,175.00
Polaroid Camera $28.00

What Events Happened in 1976

Earthquake in Tabgshan China kills
655,000

Earthquake measuring 6.5 on the Richter scale
strikes in North Eastern Italy

Tidal Wave in Philippines kills 5,000

The First Commercial Concorde Flights
take off

Worst Drought on record hits Britain

Maria Peron Deposed by Military Coup in Argentina

Hurricane Belle Hits US East Coast

James Callaghan becomes Britain's Prime Minister

32 Black African Nations Boycott Montreal
Olympics in protest to continued sporting links between New Zealand
and South Africa